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on this bill you have tim geithner's signature because he's the treasury secretary. if lew is the next treasury secretary? it's over one document after another. you can get a pretty close-up look at it. there it is. image that on your dollar bills. that's how it would look like. tim geithner decided to clean it up before he came up with his signature. >> make it look more official. looks like an 8th grade girl's signature. >> makes a lot of doctor's signatures look legible. >> doug luzader thank you very much. >>> we have extreme weather striking the south this morning. >> janice dean is following us this morning. she is live. >> a spring lime storm moving through texas, louisiana. this is in towards mississippi where we have another tornado warning south of alexandria seeing strong rotation across doppler radar. this could be rain wrapped so people may not see this coming. this is a dangerous situation. severe threat in and around where we see the tornado watch until noon local time. that will stretch into mississippi throughout the day today. flash flooding also. w
on this bill you have tim geithner's signature because he's the treasury secretary. if lew is the next treasury secretary? it's over one document after another. you can get a pretty close-up look at it. there it is. image that on your dollar bills. that's how it would look like. tim geithner decided to clean it up before he came up with his signature. >> make it look more official. looks like an 8th grade girl's signature. >> makes a lot of doctor's signatures look legible. >>...
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c-span: what is tim geithner's motive in this? is not going to continue secretary of treasury no matter what. >> guest: i don't want to speculate on his motives, but i can comment on his ideology and it reflects the wall street ideology, the sense that what is best for the banks is best for the country. so when banks told the more transparency would be dangerous, i heard things like an account for how they spent the money could be easy to kane can be dangerous, taken the banking system. he accepted this was his from wall street without questioning them. i was trying to get them counter arguments only have examples of how these things could get done. it's completely invalid in a pseudoscience in the vacant leaders in treasury. if you're not among those bankers, you really have no business having an opinion. tenacity is herb allison's successor. so he worked with her issa chief counsel for t.a.r.p. and when herb allison step down in early october 2010, he took over. c-span: here's a protocol issue you've read about in your book betw
c-span: what is tim geithner's motive in this? is not going to continue secretary of treasury no matter what. >> guest: i don't want to speculate on his motives, but i can comment on his ideology and it reflects the wall street ideology, the sense that what is best for the banks is best for the country. so when banks told the more transparency would be dangerous, i heard things like an account for how they spent the money could be easy to kane can be dangerous, taken the banking system....
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another cabinet chief, richard lou will be nominated to replace tim geithner. >>> a group of a dozen whales are trapped by a vast stretch of sea ice and residents there are pleading for some help. the mammals are gathered around a single hole in the ice in an desperate attempt to take in air through their blowholes. the canadian filters are asking the government to send an ice breaker quickly to guide the whales to open water. the team from canada's fishery department is expected to arrive today to resemble a scene right out of a hollywood movie, "big miracle." and here's dylan dryer looking at the weather. >>> we have good snow, especially in sat lake city where we could see up to ten inches of snow between tonight and tomorrow, but the west coast itself, the rain is trying to move onshore from seattle right down into california. even as we go into tomorrow we'll see rain showers in southwestern california. the big story nationwide is the heavy rain through louisiana right now. that has also been producing some tornado warnings so far this morning. you can see the showers are fairly
another cabinet chief, richard lou will be nominated to replace tim geithner. >>> a group of a dozen whales are trapped by a vast stretch of sea ice and residents there are pleading for some help. the mammals are gathered around a single hole in the ice in an desperate attempt to take in air through their blowholes. the canadian filters are asking the government to send an ice breaker quickly to guide the whales to open water. the team from canada's fishery department is expected to...
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few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol, to help convince limb it stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families. in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle class and offer working folks new pathways to rise into the middle class, our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. so i understand that tim is ready for a break. obviously we're sad to see him go. but i cannot think of a better person to continue tim's work at treasury than jack lew. this is bitter sweet, not only because tim is leaving. but also because jack's been my chief of staff for the last yea
few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol, to help convince limb it stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families. in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle...
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all signs point to president obama say i knowing him to replace tim geithner. and if he is nominated and confirmed, that will mean that our money might end up looking like this. because that is jack lew's signature on it. if he doesn't choose to tune up the legibility of the loop de loops like tim geithner did, our money mite look like this. what "new york" magazine described as a slinky that has lost its spring, republicans in washington are hinting that we won't actually have to worry about seeing jack lew's wacky signature on our money. they're saying he doesn't have to worry about changing the signature to it looks good on the money because he, jack lew, will never be the guy who has to actually sign the money. he will never be treasury secretary. politico.com today to be, quote, scoffing at the notion of jack lew as treasury secretary. mitch mcconnell is said to have been irked by mr. lew in the past. republican senator from nebraska, mike johanns called lew a controversial pick. the reasonable he is controversial is, quote, i think there are nick policies
all signs point to president obama say i knowing him to replace tim geithner. and if he is nominated and confirmed, that will mean that our money might end up looking like this. because that is jack lew's signature on it. if he doesn't choose to tune up the legibility of the loop de loops like tim geithner did, our money mite look like this. what "new york" magazine described as a slinky that has lost its spring, republicans in washington are hinting that we won't actually have to...
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tim geithner headed the bank of new york. he doesn't have the ties to wall street that a wall street executive might provide. jack lew did work at citigroup briefly, but he doesn't have deep ties there. this is a government person, but the president decided that that's what he needs in a time when he will have a pro trektive fight with republicans over spending cuts, over the budget, over the debt ceiling. this is where jack lew's experience and knowledge can come in and i would expect, sue, and tyler, that he would be confirmed pretty easily. even though he has tough questioning at confirmation. >> let's bring in steve liesman. he is low drama, low confrontation. he doesn't have wall street regulatory. who is lew? >> i think the first theng i will do is begin the series of puns beginning with jack lew's name. let me say more about jack lew, we call this one, you don't know jack. >> of course you do. >> this is a financial education. beginning with harvard and georgetown. but that never disqualified anybody. tip o'neill 93 an
tim geithner headed the bank of new york. he doesn't have the ties to wall street that a wall street executive might provide. jack lew did work at citigroup briefly, but he doesn't have deep ties there. this is a government person, but the president decided that that's what he needs in a time when he will have a pro trektive fight with republicans over spending cuts, over the budget, over the debt ceiling. this is where jack lew's experience and knowledge can come in and i would expect, sue,...
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the fdic in the room, tim geithner, chairman ben bernanke. we did not at that point need tarp. we were asked to, because we were told incorrectly, if nine banks take this tarp, we can stop the sysm from going down. we did not borrow from the federal reserve except when they ask us to. they said, please use these facilities. it makes it easier. we were not bailed out by aig. we may be would of had a direct loss of $1 billion or $2 billion if aig went down. >> you have a difference of opinion of many analyy s who felt the aig bailout did benefit you enormously. i'm not going into this. this is not your hearing. i'm asking you to respond to questions. i only have five minutes. >> that was oregon democratic senator questioning jamie dimon from jpmorgan. the significance? >> one thing that is interesting is this is what the about inspector calls -- calls for original sin. the moment in time went right after tarp was passed and the government elected to call companies that were unhealthy and insolvent, healthy and solvent. when they scrapped the plan to buy out troubled assets, tarp
the fdic in the room, tim geithner, chairman ben bernanke. we did not at that point need tarp. we were asked to, because we were told incorrectly, if nine banks take this tarp, we can stop the sysm from going down. we did not borrow from the federal reserve except when they ask us to. they said, please use these facilities. it makes it easier. we were not bailed out by aig. we may be would of had a direct loss of $1 billion or $2 billion if aig went down. >> you have a difference of...
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are acting as if tim geithner had the final say on all of this. they keep bringing up the $50,000 he owed in taxes is are redundant and old. was talk about some of the things he did right. it is so negative it. that is what is bringing this country down more than anything is the constant negative attitude. host: charleston, west virginia, republican line. caller: good morning. how are you? mr. geiger's legacy is that he was part of a team who came into office when this country was heading toward a fiscal chasm, an abyss, not just a cliff. he and his team pushed the gas pedal to the floor. i had a real opportunity to do something positive in this country and allow people to keep more of what they earn at. they did exactly the opposite. i cannot believe that these people who are doing this to our country are so stupid. they just do not know any better. i think they know exactly what they are doing. at least 51% of the american people voted not once, but twice to keep that gas pedal pushed firmly to the floor so that we go directly over the chasm and
are acting as if tim geithner had the final say on all of this. they keep bringing up the $50,000 he owed in taxes is are redundant and old. was talk about some of the things he did right. it is so negative it. that is what is bringing this country down more than anything is the constant negative attitude. host: charleston, west virginia, republican line. caller: good morning. how are you? mr. geiger's legacy is that he was part of a team who came into office when this country was heading...
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in tim geithner's america. as he prepares to exit the big question that hangs over the entire legacy of the obama r. oeg administration, is that a good thing? joining me is vice president at merryll lynch and deutsche bank and now a wall street activist. and a former special inspector general in charge of overseeing the troubled asset relief program. great to you have here. >> thank you. >> geithner, one of the things i think is really interesting about geithner is that he -- you would not, if you were in the betting market at the beginning of the obama first term, wount stha guy is going to be the guy who makes economic policy, this guy is going to be influential and go in the history books as one of america's most influential and important for better or ill treasury secretaries because he got a really bad start to the job. he stumbled out of the gate. he gave press conference that's were panned. he was not particularly close to barack obama. yet he managed to have by all accounts across the spectrum, tremendo
in tim geithner's america. as he prepares to exit the big question that hangs over the entire legacy of the obama r. oeg administration, is that a good thing? joining me is vice president at merryll lynch and deutsche bank and now a wall street activist. and a former special inspector general in charge of overseeing the troubled asset relief program. great to you have here. >> thank you. >> geithner, one of the things i think is really interesting about geithner is that he -- you...
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he went with a guy who was to the left of tim geithner. he is there to execute the obama tax hike don't reform entitlements policy. >> that is a greaeat point. >> he is there to stabilize the debt. >> this is not a centerist appointment. th mr. geithner, i believe he was a centerist. >> why is he a financial market guy? >> he grew up as a banker. what about larry fink, he is a democrat and well respected by everyone. >> i have a list here. >> jamie diamond. ken chenault. >> you need someone who understands the fiscal books at a time like this. >> we disagree. we don't need someone who understands the books, we need someone who understands where we should go and where those books should take us. and i don't think he does. i don't think they understand fiscal policy better than jack lou. he got you guys a surplus back in the 90s. >> all established people in financial markets all distinguished people who command the respect of not only around here in the new york area but the whole g-20. this is going to be a bad mistake. it may be the haegl
he went with a guy who was to the left of tim geithner. he is there to execute the obama tax hike don't reform entitlements policy. >> that is a greaeat point. >> he is there to stabilize the debt. >> this is not a centerist appointment. th mr. geithner, i believe he was a centerist. >> why is he a financial market guy? >> he grew up as a banker. what about larry fink, he is a democrat and well respected by everyone. >> i have a list here. >> jamie...
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thanking tim geithner there. lori: we also have rich edson i believe on site who will check in a little bit later throughout the afternoon. we can't to keep you aprized of other day's headlines. a rise in jobless claims. that of course raising new questions about when the job market will show real strong improvement. ftn financial economist lindsay piegza breaks it down with tracy byrnes and ashley webster next here on fox business. don't miss it ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ashley: good afternoon, everyone, i'm ashley webster. tracy: and i'm tracy byrnes. we have some breaking news. president obama task jack lew to be the new chief of treasury just in time for a critical battle over the national debt. he has one vocal critic in the senate
thanking tim geithner there. lori: we also have rich edson i believe on site who will check in a little bit later throughout the afternoon. we can't to keep you aprized of other day's headlines. a rise in jobless claims. that of course raising new questions about when the job market will show real strong improvement. ftn financial economist lindsay piegza breaks it down with tracy byrnes and ashley webster next here on fox business. don't miss it ♪ [ male announcer ] how do you make 70,000...
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few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago -- [ laughter ] >> i had to personally get on my knees with carol to help convince him to stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is while a lot of work remains, especially to rebuild a strong middle class and offer working folks new pathways to rise into the middle class, our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot credit for that. so i understand that tim is ready for a break. obviously we're sad to see him go. but i cannot think of a better person to continue tim's work at treasury than jack lew. now this is bittersweet not only because tim's leaving, but also because jack's been my chief of staff for
few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago -- [ laughter ] >> i had to personally get on my knees with carol to help convince him to stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is while a lot of work remains, especially to rebuild...
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tim geithner said he was forced to change his signature before it was fit to print. richard wolfe, when i was chief of staff at the senate finance committee, we of course had to confirm treasury secretary. and i had when i was all done -- this thing was run through the committee. and the question is when exactly is it going to be voted on, on the floor? because it was the floor vote, absolutely guaranteed. the matter of a crowded calendar. it is the floor vote that really does make you treasury secretary. and the guy was in there, doing the job. i kept getting the calls, when is it going to happen. i finally said, it is going to happen, don't worry. he said he wants to sign the money. it is a big deal, signing that money is a big deal. >> for every school child -- >> and -- it is going to come any day now. and you're appointed -- >> because i'm not going to go for senate. >> really? did you break that news? >> yeah, i just made that announcement. >> so you know, washington still in this day and age, 2013, still has the fetish of the signature. and it is not just the
tim geithner said he was forced to change his signature before it was fit to print. richard wolfe, when i was chief of staff at the senate finance committee, we of course had to confirm treasury secretary. and i had when i was all done -- this thing was run through the committee. and the question is when exactly is it going to be voted on, on the floor? because it was the floor vote, absolutely guaranteed. the matter of a crowded calendar. it is the floor vote that really does make you treasury...
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the thinking was of the treasury secretary tim geithner said if aig folded, collapsed, the world economy would bein dire straits. the u.s. economy would be in dire straits, and the retirements would direct. it needed to bailout. and what happened was, behind the scenes, yes tall wall street firms, lot of money out of aig to settle derivative contracts. by the way, erotically the controversy now is that even though the derivatives were cooked up an aig, so that temerity frantic of borden do this lawsuit, i mean, it's quite striking. that is where the crux of the suit hangs. that is, the fifth amendment part of it is that taking private property to settle government, you know, for government use to bailout other wall street players, i think that is where the lawsuit said. gerri: a big lawsuit. i am always interested in what hank greenberg does. a smart guy. >> and very colorful. gerri: and very powerful. >> his insider nickname at the company, a cranky tank. just thought i wld share that with you. gerri: that is probably true. always good to see you. thank you for helping us out. appreciat
the thinking was of the treasury secretary tim geithner said if aig folded, collapsed, the world economy would bein dire straits. the u.s. economy would be in dire straits, and the retirements would direct. it needed to bailout. and what happened was, behind the scenes, yes tall wall street firms, lot of money out of aig to settle derivative contracts. by the way, erotically the controversy now is that even though the derivatives were cooked up an aig, so that temerity frantic of borden do this...
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hilda soleis announced she will be leaving, and jack lew will be nominated to replace tim geithner. >>> a developing story north of the border, residents in canada are pleading or outside help to rescue a group of whales trapped in sea ice. right now, the mammals are gathered around a single hole in the ice. the villagers are can go the canadian government to send an ice breaker quickly top a team from the canada fishery department is expected to arrive today. >>> now, for a look at the weather. it is kind of depressing, hopefully, they fare okay. dylan dreyer is here with the weather. >> thank you, good to be back. weatherwise, the east coast enjoying a really nice january thaw. in fact by the time we get to the weekend, temperatures wl be well above average perhaps as much as 20 degrees. right now, we're talking about a lot of rain and it's falling around louisiana especially. yesterday, we picked up two to three inches of rainfall across parts of eastern texas. now, that heavy rain is going to sit over louisiana, through arkansas and eventually push into kentucky and tennessee and
hilda soleis announced she will be leaving, and jack lew will be nominated to replace tim geithner. >>> a developing story north of the border, residents in canada are pleading or outside help to rescue a group of whales trapped in sea ice. right now, the mammals are gathered around a single hole in the ice. the villagers are can go the canadian government to send an ice breaker quickly top a team from the canada fishery department is expected to arrive today. >>> now, for a...
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would replace tim geithner. if lou does become treasury secretary, his loopy signature could grace the dollar bill. not that you'll be able to read it. it does kind of start off with a j and followed by 7 scribbles. that is his real signature. the signature of the secretary is on the lower right corner of every single u.s. bill. i heard also that treasury secretary tim geithner had a pretty bad signature and ended up having to learn how to change it. >> really? all his life he had his signature and learn how to change it. >> as long as i have money in my pocket, it doesn't matter. that is pretty funny they are looking at that. let's turn our attention to tucker barnes. tucker has cuteness for us on this thursday morning. >> i have fabulousness. let's get to it and take a look here. you know what time it is. time for my first 5 photo of the day. >> aww, good morning. >> take a look at this cutie. >> little baby. >> we've been hanging out with little ones. this is ellington erin rose. she's probably sleeping. she'
would replace tim geithner. if lou does become treasury secretary, his loopy signature could grace the dollar bill. not that you'll be able to read it. it does kind of start off with a j and followed by 7 scribbles. that is his real signature. the signature of the secretary is on the lower right corner of every single u.s. bill. i heard also that treasury secretary tim geithner had a pretty bad signature and ended up having to learn how to change it. >> really? all his life he had his...
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tim geithner is in your book, nor treasury secretary. was his relationship to all this? >> guest: tim geithner is the president of the new york fed during the years when regulation became extremely lax in this country for financial institutions and particularly new york, citibank was the purview of the new york fed and obviously not paying attention because citibank became one of the biggest nightmares of the bailout brigade. so tim geithner was really at the creation of this kind of belief that banks could set their own capital standards, which are riveted for a wonderful thing that spreads risk and financial innovation was not to be stopped. there's all this kind of mindset really came down from greenspan i think, who said it really was anti-regulation, not interested in making sure that financial products that were sold to people were not going to go up on them five minutes later. and so, there was a tone that bankers would never do anything so silly as to take the risks that would load themselves up. that is greenspan's notion in his later apologized for saying you j
tim geithner is in your book, nor treasury secretary. was his relationship to all this? >> guest: tim geithner is the president of the new york fed during the years when regulation became extremely lax in this country for financial institutions and particularly new york, citibank was the purview of the new york fed and obviously not paying attention because citibank became one of the biggest nightmares of the bailout brigade. so tim geithner was really at the creation of this kind of...
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if confirmed he will replace tim geithner who is stepping down. his confirmation process is not expected to be too difficult. >>> labor secretary hilda salicious resigned her post and is expected to return home to california. she won praise from the labor unions for aggressive enforcement of wage and hourly laws. business groups have criticized her, though, for the same reasons. >>> a d.c. police officer has been arrested and charged with first degree child sex abuse. wendell palmer is a 22-year veteran of the force now on leave pending the outcame of -- outcome of this criminal case. >>> it's happened again in louisa county, virginia. an earthquake. around 6:30, a 2.0 magnitude quake shook the county. it was the epicenter of the huge quake we all felt in august 2011 2011. >>> boston, massachusetts has declared a public health emergency all because of this amazing flu that's sweeping the country. this year's flu season started earlier and is hitting harder than it has been in recent years and that's putting a strain on the health care system. >> i
if confirmed he will replace tim geithner who is stepping down. his confirmation process is not expected to be too difficult. >>> labor secretary hilda salicious resigned her post and is expected to return home to california. she won praise from the labor unions for aggressive enforcement of wage and hourly laws. business groups have criticized her, though, for the same reasons. >>> a d.c. police officer has been arrested and charged with first degree child sex abuse. wendell...
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. -- tim geithner. this is 15 minutes. >> ladies and gentlemen, the president of the united states, accompanied by tim geithner and jack lew. >> a little more than four years ago i stood with mr. tim geithner, the first nominee to my cabinet. we were two months into the financial crisis. the stock market had cratered. bank after bank was on the verge of collapse. worst of all, more than 800,000 americans would lose their jobs in just that month. at the bottom was probably not yet in sight. i could not blame tim when he told me he was not the right guy for the job. [laughter] but on news that tim's extensive experience with economic policy made him eminently qualified and i knew he could hit the ground running. as chairman of the federal reserve, he had just spent chaotic weeks emerged in the crisis and had been working with the treasury to save the financial system. then when the wreckage -- with the wreckage of our economy still smoldering, i asked tim to help us put it back together. thanks in large p
. -- tim geithner. this is 15 minutes. >> ladies and gentlemen, the president of the united states, accompanied by tim geithner and jack lew. >> a little more than four years ago i stood with mr. tim geithner, the first nominee to my cabinet. we were two months into the financial crisis. the stock market had cratered. bank after bank was on the verge of collapse. worst of all, more than 800,000 americans would lose their jobs in just that month. at the bottom was probably not yet in...
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you recently did, as you know that great interview with tim geithner right here on the "closing bell." how well do you know lew? >> not as well. he was at omb for a brief time, a couple years in this administration, his second go-round there. look, we're learning more about him, and i don't think there's very much mystery here. he would be picked for the job because he's a budget expert, and that also he's a loyalist inside the obama administration and in a place that values loyalty like a lot of white houses, and the question becomes does he have other critical qualifications that say wall street or the international banking and financial system would require, with the big question being, you know, if we were at a place where there was another financial crisis, how well would jack lew, as did robert ruben, hank paulsen and tim geithner do to instill confidence? >> steve, you were right on the money with the jack lew prediction. you and i had this conversation, but i just wonder, you know, there's this antagonistic relationship between the white house and business. >> right. >> there
you recently did, as you know that great interview with tim geithner right here on the "closing bell." how well do you know lew? >> not as well. he was at omb for a brief time, a couple years in this administration, his second go-round there. look, we're learning more about him, and i don't think there's very much mystery here. he would be picked for the job because he's a budget expert, and that also he's a loyalist inside the obama administration and in a place that values...
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fox news sources say that announcement to replace tim geithner could come by the end of the week. all but a done deal. but what experiences he had that would make him right for the job? the 57-year-old is not a veteran of wall street, not an economist. he is a lawyer, and, of course cannot politician. he began his career on capitol hill eventually becoming an adviser to former house speaker tip o'neill. his first foray into the world of money became in the boston office of management and budget. it was there president clinton, when the film brought into the national omb. he returned under president obama in 2010. look, a very different bio compared to geithner who came from a prominent role as president of the new york federal reserve which is a big deal. a major player during the financial crisis, and struggle to the bailout plan, no matter what you think of it. he was in the middle of things. the sign the president feels as treasury secretary will not be focusing on wall street, but, instead, will be smack dab in the middle of more drama in battles with congress. why else would
fox news sources say that announcement to replace tim geithner could come by the end of the week. all but a done deal. but what experiences he had that would make him right for the job? the 57-year-old is not a veteran of wall street, not an economist. he is a lawyer, and, of course cannot politician. he began his career on capitol hill eventually becoming an adviser to former house speaker tip o'neill. his first foray into the world of money became in the boston office of management and...
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Jan 9, 2013
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we are hearing president obama is about to make pick tim geithner. bumpy ride on capitol hill. the details on that lye from the white house. plus, how the fight over the fiscal cliff could delay your tax refunds. look out now. ÷÷ what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >> shepard: the bride and groom's big day got off to bumpy start when hot air balloon crashed moments after they said i dos. here it is. >> positions, everybody. brace. hold on. [scream] >> yeah! >> shepard: yahoos and then some screaming it was cell phone video from somebody on board the thing. the couple was enjoying a sun set balloon ride with the wedding party when a strong gust of wind blew it off course the basket backyard the balloon deflated onody's house. witnesses say they were nervous when they sa
we are hearing president obama is about to make pick tim geithner. bumpy ride on capitol hill. the details on that lye from the white house. plus, how the fight over the fiscal cliff could delay your tax refunds. look out now. ÷÷ what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we...
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Jan 9, 2013
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this at the time that president obama has picked jack lew to replace tim geithner as treasury secretary. whoever runs the jaret -- the treasury has a critical job. so far, 2013 has been marked by fighting over the fiscal could. but americans say they are looking for solutions, decisions. we have the ceo of accounting giant duch joining me from -- deloit joining me from new york. what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fiscal cliff issue. there are some big deadline's coming up in march between sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to kick start growth in this econo
this at the time that president obama has picked jack lew to replace tim geithner as treasury secretary. whoever runs the jaret -- the treasury has a critical job. so far, 2013 has been marked by fighting over the fiscal could. but americans say they are looking for solutions, decisions. we have the ceo of accounting giant duch joining me from -- deloit joining me from new york. what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said...
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Jan 4, 2013
01/13
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bloomberg is supporting the treasury secretary tim geithner will step down the end of this month regardless of whether or not there's an agreement to raise the debt ceiling. white house chief of staff jack lew is considered the front runner to take over geithner's job. >>> there was plenty of sun today, but we'd like to replace some of that cold with warmth. any chance of that happening, top? >> not really, but at least it's not record setting cold. we're finally kind of where we should be this time of year. we're looking at temperatures on the average side. temps right now are falling like a stone, 33 downtown, 27 in frederick and manassas and 29 in andrews. that's before the wind chill. we'll come back and talk about the wind chill, but for tonight clear, breezy and cold, a two to three blanket night, low temperatures in the 20s. we'll come back, talk about how cold it's going to be tomorrow with the wind and look ahead to playoff sunday. >>> in the 9 news update justin wolfe did not walk out of prison today even though his family was there and they were all hoping for him to get out. wol
bloomberg is supporting the treasury secretary tim geithner will step down the end of this month regardless of whether or not there's an agreement to raise the debt ceiling. white house chief of staff jack lew is considered the front runner to take over geithner's job. >>> there was plenty of sun today, but we'd like to replace some of that cold with warmth. any chance of that happening, top? >> not really, but at least it's not record setting cold. we're finally kind of where we...
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Jan 8, 2013
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geithner. that would require a new chief of staff. this could be part of a larger shuffling of the president's team. >> susan mcginnis in washington this morning. thank you very much. >>> one of the critical issues of the president's foreign policy agenda is the winding down of the war in afghanistan. this friday, mr. obama meets with afghan president hamid karzai. they'll meet in washington to discuss u.s. troop levels in the afghan army. a key issue -- how many u.s. troops will remain in afghanistan after 2014. >>> a grim search resumes this morning for two new jersey teenagers who fell through the ice on a frozen lake. the lake is located about 50 miles northwest of new york city. the boys were walking on the lake last night about 200 yards from shore when they fell in. two residents heard calls for help, got into a boat and tried to reach the teenagers but were not successful. >>> overseas, five americans were among the victims of a helicopter crash in peru. the twin motor copter crashed mo
geithner. that would require a new chief of staff. this could be part of a larger shuffling of the president's team. >> susan mcginnis in washington this morning. thank you very much. >>> one of the critical issues of the president's foreign policy agenda is the winding down of the war in afghanistan. this friday, mr. obama meets with afghan president hamid karzai. they'll meet in washington to discuss u.s. troop levels in the afghan army. a key issue -- how many u.s. troops will...
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. >>> still ahead, president obama announced his pick to replace tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and save hundreds with our best offer. get an adt security system starting at just $49 installed, but for a limited time only. that's an instant savings of $250. don't leave your family's safety to chance when you can take advantage of these savings now. call or visit adt.com/tv. both: i had a break-in. man: by the time we called the police, there wasn't much they could do. i felt so helpless. adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial records, things that insurance simply can'
. >>> still ahead, president obama announced his pick to replace tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any...
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Jan 12, 2013
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now fans of his loops are petition to go see his squiggles on every bill because when tim geithner became head of treasury, he changed his signature to be more legible on currency. these folks don't want jack to follow suit. we just checked and 326 people have signed the loopdy loop petition. 25,000 signatures are needed to reach the petitioner's goal. >> rick: these are folks who want him to keep the signature the way it is. >> arthel: they want that quibbley. >> rick: my signature is completely illegible. >> arthel: mine is good. >> rick: women tend o have neater handwriting. >> arthel: it tends to trail off. oh, well. >> rick: when we come back, we'll switch gears and we'll go back into the discussion about the gun debate in this country. the topic heating up in washington in the wake of the deadly connecticut school shootings. but are politics getting in the way of finding real solutions to gun violence? we'll talk about that. >> arthel: new talk of conspiracy in the death of john f. kennedy. it's been nearly 50 years since he was assassinated in dallas. we'll tell you why his nephew
now fans of his loops are petition to go see his squiggles on every bill because when tim geithner became head of treasury, he changed his signature to be more legible on currency. these folks don't want jack to follow suit. we just checked and 326 people have signed the loopdy loop petition. 25,000 signatures are needed to reach the petitioner's goal. >> rick: these are folks who want him to keep the signature the way it is. >> arthel: they want that quibbley. >> rick: my...
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geithner set to step down at the end of the month. so, kim, tell us about jack lew, who is he? what does he believe? >> well, he's mostly, i think, this is important, a creature of washington. he had a brief interlude out at citigroup, but a lot of time working in a political capacity and does in fact make him a much different creature for a position like the treasury secretary than we have in the past, folks who have come from that often out of the business world, established economists, might come from the fed. this is a person viewed by congress and many, by many people here in washington a more of an ideologue. >> and with the clinton administration, i know republicans thought he was an honest liberal, anybody he's emerged under this president as much more implacable. and mr. lew makes a lot of appearances, almost always in the role, when you see mr. obama and boehner making progress. he throws the monkey wrench and pretty much tanking the negotiations and makes him poison for republicans and a problem in his capacity as treasury
geithner set to step down at the end of the month. so, kim, tell us about jack lew, who is he? what does he believe? >> well, he's mostly, i think, this is important, a creature of washington. he had a brief interlude out at citigroup, but a lot of time working in a political capacity and does in fact make him a much different creature for a position like the treasury secretary than we have in the past, folks who have come from that often out of the business world, established economists,...
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Jan 10, 2013
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[laughter] no one embodies that ideal better than tim geithner. i had to get on my knees two years ago to convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that are cabinet members ask of their families in serving their country. the fact is, while a lot of work remains, especially to build new pathways for working folks to rise into the middle class, our position is better for tomorrow than most of the countries hit by the financial crisis. the tough decisions have been made and carried out. i understand that tim is ready for a break. obviously, we are sad to see him go. i cannot think of a better person to continue tim's work at the treasury than jack lew. this is bittersweet not only because tim is leaving, but because jack has been my chief of staff for the last year. he was my budget director before that. i trust his judgment. i know fewer people with greater integrity than the man to my left. i do not want him to go, because it is worki
[laughter] no one embodies that ideal better than tim geithner. i had to get on my knees two years ago to convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that are cabinet members ask of their families in serving their country. the fact is, while a lot of work remains, especially to build new pathways for working folks to rise into the middle class, our position is better for tomorrow...
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he is currently chief of staff he would replace tim geithner. jeff session said if lou is nominated he will try to block his nomination saying he mislead congress ability the obama -- about the obama plans to reduce the national debt. >>> national cathedral will host, same-sex marriages. they decided the new policy when the marriages became legal in dc and maryland. >> i think there is a pretty good consensus in the church about same sex blessing and in places where same-sex marriage is legal. because of our stature goes beyond the episcopal church we are trying to speak out to the christian and interfaith community around the country we stand for marriage equality and with lgbt people. >> individual priests can decide whether they want to officiate. >>> health alert. at a local er one of the hospitals where flu case have taken a dramatic spike. >>> a frightening ferry crash in new york city into a manhattan dock. >> more than 30 children found in one home day care, that wasn't the only problem police found. disturbing charges at 11:00 p.m.
he is currently chief of staff he would replace tim geithner. jeff session said if lou is nominated he will try to block his nomination saying he mislead congress ability the obama -- about the obama plans to reduce the national debt. >>> national cathedral will host, same-sex marriages. they decided the new policy when the marriages became legal in dc and maryland. >> i think there is a pretty good consensus in the church about same sex blessing and in places where same-sex...
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Jan 10, 2013
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few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol to help convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle class and offer working folks new path ways to rise into the middle class, our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. so, i understand that tim is ready for a break. obviously, we're sad to see him go, but i cannot think of a better person to continue tim's work at treasury than jack lew. now, this is bittersweet not only because tim is leaving, but also, because jack's been my chief of staff for the last
few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol to help convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle class...
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Jan 10, 2013
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this from treasury secretary tim geithner who was really installed to deal with the financial crisis. at this point the president is making his pick to deal with federal budgets. the nominee, jack lew, was the budget director for president clinton. here at the obama white house for all these major budget fights he has been at the president's side. >> over the past year i've sought jack's advice on virtually every decision that i have made from economic policy to foreign policy. now one reason jack has been so effective in this town because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras. and over the years he has built a reputation as a master of policy who can work with members of the both parties and forge principled compromises. >> republicans have another take on that reputation. this from senator orrin hatch of utah saying since mr. lou participated in numerous budget negotiations with congress and with four consecutive years of over a trillion dollar deficits, the american people deserve to know, not only that this nominee i
this from treasury secretary tim geithner who was really installed to deal with the financial crisis. at this point the president is making his pick to deal with federal budgets. the nominee, jack lew, was the budget director for president clinton. here at the obama white house for all these major budget fights he has been at the president's side. >> over the past year i've sought jack's advice on virtually every decision that i have made from economic policy to foreign policy. now one...
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. >> reporter: so remember a few weeks back when we told you how treasury secretary tim geithner said he figured out a way to keep the government defaulting on the debt for two months? not so fast. a new analysis by the bipartisan policy center says the u.s. may default a month earlier than expected. they say the government will likely run out of money to pay its bills between february 15th and march 1st. we hit the $16.4 trillion debt limit on december 31st. the treasury department said they were taking "extraordinary measures" to put off default. the debt ceiling debate is set to be the next big showdown in washington. both republicans and democrats have vowed to hold firm in their position. >>> and speaking of government spending, a report published monday says the obama administration spent $18 billion on immigration enforcement last year, more than on all the other federal law enforcement agencies combined and 15 times greater than immigration spending in 1986. the nonpartisan research group the migration policy institute says immigration has become the government's highest law e
. >> reporter: so remember a few weeks back when we told you how treasury secretary tim geithner said he figured out a way to keep the government defaulting on the debt for two months? not so fast. a new analysis by the bipartisan policy center says the u.s. may default a month earlier than expected. they say the government will likely run out of money to pay its bills between february 15th and march 1st. we hit the $16.4 trillion debt limit on december 31st. the treasury department said...
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interesting how tim geithner in the book describes bob reuben. that will be a big wet kiss. >> good stuff, charlie. thank you so much. >> satellite operator dish launching a new dvr allowing subscribers to watch live tv from wherever their mobile device has connection. >> so happy about this one. we are live at the consumer electronics show with dish ceo joe clayton. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporang a business you'd like to start. or questions about pro
interesting how tim geithner in the book describes bob reuben. that will be a big wet kiss. >> good stuff, charlie. thank you so much. >> satellite operator dish launching a new dvr allowing subscribers to watch live tv from wherever their mobile device has connection. >> so happy about this one. we are live at the consumer electronics show with dish ceo joe clayton. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals,...